(Alliance News) - Esprinet Spa reported Wednesday that it had revenues from customer contracts of EUR4.0 billion in 2023, down 15 percent from EUR4.7 billion in 2022.

Last quarter revenues were about EUR1.2 billion, down 15 percent from the same period in 2022 when they were EUR1.5 billion.

Adjusted Ebitda for 2023 is about EUR64 million down from EUR91 million in 2022.

Net financial position is positive by about EUR15 million and compares with the position as of December 31, 2022 that was negative by EUR83 million and negative by EUR261 million as of September 30, 2023.

The improvement, the company points out, follows actions to contain the level of net invested working capital. The overall effect of factoring and securitization programs on the level of consolidated net debt as of December 31, 2023 is quantifiable at about EUR393 million, from EUR540 million as of December 31, 2022 and EUR244 million as of September 30, 2023.

Esprinet's stock closed Wednesday up 3.6 percent at EUR5.43 per share.

By Chiara Bruschi, Alliance News reporter

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